Precision ADM receives funding boost from private US investors

September 14, 2019

Precision ADM receives funding boost from private US investor
A hip prosthetic manufactured by Precision ADM (Courtesy Precision ADM, Inc.)

Precision ADM, Inc., Winnipeg, Manitoba, Canada, a global engineering and metal Additive Manufacturing solutions provider, reports that it has received a strategic US private investment from Andy Christensen and Joe Allison. The investment is expected to help further the company’s growth strategy in the medical device and aerospace sectors, including securing additional manufacturing capacity, quality systems, and material selection for serial production.

Andy Christensen is Founder and President of Medical Modeling Inc., which was acquired by 3D Systems in 2014. “It’s a pleasure to be aligned with Precision ADM, their great team and vision for Additive Manufacturing,” he stated. “Additive metals in the orthopaedic, spine and craniomaxillofacial space is in a high growth phase with ample opportunity in serial and patient-matched implants.”

Joe Allison co-founded Solid Concepts in 1991. The company was acquired by Stratasys in 2014, then merged with Harvest Technologies and RedEye to create Stratasys Direct Manufacturing, where Allison most recently served as CEO. “Precision ADM is well-positioned to aggressively expand 3D printing into new medical and aerospace applications,” he stated. “The executive team has the vision, experience and passion to make a material difference in this industry.”

Martin Petrak, Chief Executive Officer of Precision ADM, commented, “I am very grateful to Andy and Joe for their investment and their confidence in Precision ADM as they are both true Additive Manufacturing Pioneers in the medical and aerospace industries over the last twenty-five years. Our customers have already come to expect the highest quality and greatest service from us, and I believe this investment will truly enhance their Additive Manufacturing experience.”

www.precisionadm.com 

2022 Winter Metal AM

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • What happens when you take the powder out of AM? Charting the rise of wire-based DED with WAAM3D
  • Smart sensor-integrated parts by AM: A look at a novel possibility with industrial applications
  • Tailored materials for AM: How a 'powder kit' can achieve greater material diversity with fewer resources in PBF-LB
  • QuesTek's ICMD: Faster, cheaper, and better alloy development for Additive Manufacturing
  • NanoAL: Alloy development on an open parameter PBF-LB machine, from installation through to Rapid Alloy Screening
  • Using the Six Sigma method to optimise metal powder spreading in PBF-LB
  • Insights from R&D to part production: How CT analysis can advance metal Binder Jetting
  • Corrosion and wear resistence of materials processed by beam-based AM technologies

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

News from the industry…

    News from the industry…

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news

    All past issues are available to download as free PDFs or view in your browser.

    Browse the archive

    Looking for AM machines, metal powders or part manufacturing services?

    Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

    • AM machines
    • Process monitoring & calibration
    • Heat treatment & sintering
    • HIP systems & services
    • Pre- & post-processing technology
    • Powders, powder production and analysis
    • Part manufacturers
    • Consulting, training & market data
    Download PDF
    Share via
    Copy link
    Powered by Social Snap